An analyst has likened the electric carmaker to Amazon, Netflix and Apple. Here’s why that’s a ridiculous idea.
Here’s Why Apple’s Stock Is Still a Buy
Trading at all-time highs, Apple is up 20% for the year already. With Citi raising its price target for the stock to $160 recently, many investors believe Apple’s stock will only continue climbing .
AIG Chief Undone by Lost Credibility, Frustrated Investors
Before he lost the confidence of big-name investors and his company’s board members, Peter Hancock squandered the faith of many of his staff. It was November 2015, after a disappointing quarter for American International Group Inc., and Hancock — then a year into his tenure as chief executive officer — told employees they shouldn’t count on lifetime jobs.
AT&T staying mum on outage that disrupted 911 service
The Federal Communications Commission is investigating what caused a 911 outage that affected AT&T wireless customers in multiple states on Wednesday. The Dallas-based company has revealed little about the outage, which has since been fixed.
After escaping net neutrality probe, Verizon expands data cap exemptions
Just a few weeks after escaping a net neutrality investigation into data cap exemptions, Verizon has decided to let its FiOS mobile video stream on its wireless network without counting against data caps. Customers who have Verizon FiOS TV at home and a Verizon Wireless smartphone plan can watch TV outside their homes without using up the data allotments on limited mobile plans, the company announced today .
AT&T Outage Takes Down 911 Emergency Lines across the US
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Wall St Ends Up Slightly; Energy Shares Rebound
A late rebound in energy shares helped U.S. stocks end a choppy session a tad higher on Thursday ahead of the U.S. monthly jobs report. The day marked the eight-year anniversary of the current bull market, the second-longest ever.
Delta’s CEO Sounds Optimistic Note for 2017; Hopes to Meet Buffett
Delta Air Lines Inc. Chief Executive Ed Bastian on Thursday sounded an optimistic note for 2017 earnings and said he expects to meet soon with the company’s newest and biggest investor, billionaire Warren Buffett. Two months ago Delta announced last year’s record-breaking performance, but noted that higher fuel prices and wage costs could weigh on margins during the March quarter before they expand again in the second half of the year.
Andrew Puzder: Carla s Jr. Racy Ads Saved the Company
In an exclusive interview with Neil Cavuto on the FOX Business Network , CKE Restaurants CEO Andrew Puzder said the suggestive ad campaigns starring female celebrities such as Paris Hilton, Kim Kardashian and Heidi Klum saved the company. CKE’s franchises, which include Hardee’s and Carl’s Jr., were infamous for using racy ads that generated backlash from women and other groups who found it demeaning and sexist.
Are Americans at risk after WikiLeaks recent CIA hack?
Mar. 09, 2017 – 6:21 – HackerOne Co-Founder & CEO Alex Rice and TrustedSec Founder & CEO David Kennedy on WikiLeaks hacking CIA documents, Julian Assange offering to work with tech companies to help beef up their security, and whether Americans are at risk.
Ways to contact emergency responders during a 911 outage
Resources to contact emergency responders in Larimer County remained in place even during the multi-state outage of AT&T’s 911 network connectivity that affected all the company’s Colorado cellphone customers Wednesday night.
Newly Flush With Cash, Can Tushy Make Us Believe In Bidets?
Everyone at Tushy has their own story of how they fell in love with the bidet. CEO Monica Pereira realized their value while spending time in Bolivia, where toilet paper usually can’t be flushed down the toilet.
RadioShack Successor Blames Sprint’s Weak Sales for Its Own Bankruptcy
General Wireless Operations , the successor to RadioShack , filed for Chapter 11 protection, as expected . What was uxexpected was that the electronics retailer would blame its filing on Sprint ‘s declining sales.
Americans Now Prefer Bottled Water to Soda
Last year bottled water consumption reached 39.3 gallons per capita, the Wall Street Journal reports, and carbonated soft drinks fell to 38.5 gallons. The data comes from industry tracker Beverage Marketing.
Facebook’s Messaging Apps Are Evolving Rapidly — and That Could Spell Trouble for Snap
New features for Facebook Messenger and WhatsApp could easily be monetized on a large scale. Some of them compete directly with Snap’s most lucrative feature.
Wall Street Stuck in Place as Investors Wait for February Jobs Report
Wall Street churned around the flatline for much of the day with investors reluctant to commit to any one direction until the release of Friday’s highly anticipated jobs report. Wall Street churned around the flatline for much of the day with investors reluctant to commit to any one direction until the release of Friday’s highly-anticipated jobs report.
Happy 58th Birthday Barbie! Here’s Why It May Be Time for You to Head to the Retirement Home
American businesswoman Ruth Handler launched Barbie–named after her daughter Barbara–on March 9, 1959 at the American Toy Fair in New York City. Handler was inspired by a German doll called Bild Lilli.
Meredith Buying Time May Be Its Safest Route to Really Going Digital
Time has begun to show signs that legacy print publishers can transition to digital from print, but merging with Meredith may be the best way to get there. Experience matters, and reports that Time is no longer being pursued by an investor group led by Edgar Bronfman Jr. should come as a welcome sign for a company that would probably be best served if its new owners have first-hand knowledge of the digital magazine business.
Amidst Fierce Competition, Target Is Unlikely to Recover Soon
Bricks-and-mortar, retail giant Target Corp has seen its shares plummet about 24% year to date year-to-date, under-performing rivals like Wal-Mart and Costco , and even minnows such as Dollar Tree and Dollar General . Despite the company’s intent to focus more on digital commerce , doubts remain surrounding the company’s strategy for reviving earnings .
Trump’s Run of Dumb Luck
How quickly Washington forgets. It was only two weeks ago that the biggest story in the nation’s capital was how President Donald Trump’s aides were pressuring the FBI and allies in Congress to shoot down the stories whirling around about his associates’ ties to Russia.
The Market Is Suddenly Having Second Thoughts on Reflation
Global stocks have stalled, with the MSCI Emerging Market Index, a benchmark gauge for developing-country equities, down about 3 percent from the more than one-year high reached last month. U.S. stocks are down for a fourth day.
Airbnb Closes $1 Billion Funding Round With War Chest for Growth
Airbnb Inc. closed a funding round of more than $1 billion, valuing the home-sharing startup at about $31 billion, according to three people familiar with the company. In December, Bloomberg first reported the company’s plans to increase the funding it was seeking by authorizing the sale of an additional $153 million in equity.
FCC probing AT&T’s Wednesday night 911 outage
The Federal Communications Commission says it is investigating why AT&T cellphone customers were unable to call 911 in several states on Wednesday night. Law enforcement and government agencies in Texas, Florida, Tennessee and other states reported the problem and provided alternate numbers for people to call during emergencies.
Illinois budget impasse increasingly hurts universities: Moody’s
Illinois’ record-breaking budget impasse, which has led to sporadic funding for higher education, is increasingly pressuring the finances and competitiveness of state universities, Moody’s Investors Service said on Thursday. The credit rating agency said the lack of complete state funding has forced schools to take “considerable steps,” including cutting academic programs and raising tuition, in order to keep operating and preserve financial liquidity.
AT&T Outage Takes Down 911 Emergency Lines across the US
Millions of AT&T customers were left without 911 service for several hours last night. The outage appeared to have affected wireless customers across the country, with reports that customers were unable to reach emergency services in New York, Los Angeles, Washington D.C., Chicago, Miami, San Francisco and Seattle, among other areas.
Trump Says Community Banks Help ‘Create Jobs’
U.S. President Donald Trump met with small community bankers on Thursday to learn more about their difficulties in complying with the tougher Dodd-Frank financial regulations enacted after the 2007-2009 financial crisis. The listening session was aimed at helping the Trump administration craft a legislative plan to ease the regulatory burdens on small banks to try to unlock more small business lending and fuel economic growth, a senior White House official told Reuters.
Yes, President Trump Really can Boost Bank ETFs
The Financial Select Sector SPDR , the largest financial services exchange traded fund, is up 6.3% year-to-date, bringing its one-year gain to almost 40%. As has been widely noted, politics are playing a part in lifting the financial services sector, the second-largest sector weight in the S&P 500.
Wall St Fights to Hold on to Gains as Oil Slips Again
U.S. stocks were little changed on Thursday as gains in bank stocks were countered by the second day of losses in energy shares, a day before the crucial monthly jobs report that would bolster already sky-high odds of a rate hike next week. Fueling the rise in bank stocks was a report that showed the number of Americans applying for unemployment benefits rose to 243,000 last week, but remained below 300,000 for the 105th week.
Roads, Airports Fare Worst in Civil Engineers’ Infrastructure Report Card
The American Society of Civil Engineers issued poor grades for America’s roads, airports and public transportation in its latest infrastructure report card released Thursday, at the same time President Donald Trump is accelerating his push for $1 trillion in investments. The group, which has long advocated for increased spending on infrastructure projects, gave U.S. infrastructure an overall grade of D+, the same grade given in the ASCE’s last report in 2013.
Fed: U.S. Household Net Worth Rose to $92.8T in 4Q
A continued rise in U.S. equities pushed the net worth of U.S. households to $92.8 trillion in the fourth quarter of last year, a report by the Federal Reserve showed on Thursday. Household net worth rose $2 trillion over the quarter, up from a slightly revised $90.7 trillion in the previous period.
The Uber Amex Platinum Card: How Does It Compare to the Chase Sapphire Reserve?
For years, the American Express Platinum Card has provided a wide range of travel benefits and luxury perks to its cardholders. But recently, there’s been increased competition from travel-centric credit cards entering the game or increasing their benefits to take some of American Express’ market share.
Tom Ridge: White House leaks coming from the government
Mar. 09, 2017 – 5:01 – Former Homeland Security Secretary Tom Ridge weighs in on the WikiLeaks hacking document and the White House leaks.
Outgoing Coke CEO given pay package worth $16 million
Coca-Cola CEO Muhtar Kent , who is stepping down in May, received a compensation package worth $16 million last year, according to a regulatory filing. That included a salary of $1.6 million, stock and options worth $9.5 million and incentive pay of $4.1 million.
Industry tracker: Bottled water overtakes soda in US
An industry tracker says bottled water overtook soda as the No. 1 drink in the U.S. by sales volume last year.
FCC probing AT&T’s Wednesday night 911 outage7 minutes ago
The Federal Communications Commission says it is investigating why AT&T cellphone customers were unable to call 911 in several states on Wednesday night. Law enforcement and government agencies in Texas, Florida, Tennessee and other states reported the problem and provided alternate numbers for people to call during emergencies.
Chicago Pension Rating Ranks as Worst Among 15 Major Cities
If you are looking for a city to retire happily in, Chicago may not be the best choice, the Illinois city is ranked as the worst for underfunded pension funds, the Associated Press reports. The results come from a Standard & Poor’s survey that ranked 15 major U.S. cities.
Amazon’s AWS Outages Could Negatively Impact Echo Initiatives
Amazon.com wants to bring its Echo devices mainstream by integrating the technology with crucial aspects of users’ daily lives including phone calls and scheduling. However, setbacks have thrown a wrench into this plan.
This Is Why J.Jill’s CEO Is So Optimistic About IPO Despite the Declining Retail Industry
J.Jill CEO Paula Bennet discussed what it’s like taking a women’s apparel retail company public in the struggling environment. J.Jill launched its initial public offering of 11.67 million shares priced at $13 Thursday morning and although the stock is down, company CEO Paula Bennet is optimistic.
New York, London Fighting For Saudi Aramco IPO
Executives from both the New York Stock Exchange and London Stock Exchange are fighting to be the primary international listing for the IPO of Saudi Aramco , Saudi Arabia’s state oil company, according to the Financial Times . The two are in a race to house the world’s biggest flotation ever.
European Stocks End Mixed as Hawkish ECB Help Lift
The European Central Bank boosted markets when it sounded a hawkish tone Thursday, but it wasn’t enough to offset earlier losses for some benchmarks. European stocks were mixed on Thursday after a more upbeat European Central Bank helped to boost markets in the afternoon, but this was not enough to lift all benchmarks out of the red.